4 ms·
Ebay doesn't have to switch away from anything to accept Bitcoins. They just add another payment method.
by rthomas6 13y ago
Ebay doesn't have to switch away from anything to accept Bitcoins. They just add another payment method.
- icebraining 13y agoAnd cannibalize itself? Why would they do that?
- waps 13y agoYou're assuming ebay wouldn't take 14% of bitcoin sales. Hell, since they don't owe the credit card tax they could probably make it 10% and still make more per-transaction.
- Nursie 13y agoI reckon paypal probably has enough volume to get a pretty sweet deal out of the credit-card processors compared to your average retailer. But you're right, they could take a cut of BTC transactions, and then the BTC folks would whine about high fees.
- Nursie 13y agoicebraining beat me to it - from what I've read PayPal has historically made up a serious proportion of Ebay's profits, like 40% (though they have bought other payment processors recently so maybe it's been dropping). Introducing non-paypal payment methods would cut directly into their profits.